JP Pub and Bar

Industry

Location

Financials

Business Summary

The Company was established in 2000. The current owners purchased the property in 2006. The restaurant offers traditional tavern favorites including cheese fries, onion rings, hamburgers, and chicken tenders. The menu also includes salads and po boy sandwiches, seafood platters, pork chops, barbeque ribs, and steak meals. There is a large full service bar that features wines, beer and mixed drinks. The Company has live bands or a DJ every Thursday, Friday, and Saturday night.

Included in the Asking Price:
Furniture, Fixtures & Equipment: $80,000
Inventory: $10,000
NOT Included in the Asking Price:
Real Estate: $350,000

Facilities: The lounge is in good condition and consists of a very spacious 3,900 sq. foot area with an office, plenty of seating, a large dance floor, and an attached apartment. The restaurant seats approximately 50 patrons with plenty of available room for parking on the street. The building itself consists of the lounge, a 1,750 sq. ft. area that is rented to a tenant, and a 1,100 sq. foot, wood framed storage area in the back of the property. The real estate is available for purchase.

Financing: The owner will finance 50% down for 3-5 years at 8%
Support/Training: The sellers will train the new owner for a period to be determined.